Cattle futures softened Thursday, with likely profit taking and no cash direction.

Before settlement, Live Cattle futures were an average of 55¢ lower, except for $1.47 higher and unchanged in the front two contracts. Feeder Cattle futures were an average of $1.01 lower, except for 15¢ higher in the back contract.

Negotiated cash fed cattle trade ranged from limited on light demand to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $189-$190/cwt. in the Texas Panhandle, $188-$191 in Kansas, and mainly $197-$198 in Nebraska and the western Corn Belt.

Dressed delivered prices were $310-$312 in Nebraska and $310 in the western Corn Belt with prices stretching as high as $314.

Choice boxed beef cutout value was 48¢ higher Thursday afternoon at $323.33/cwt. Select was 16¢ lower at $302.70/cwt.

Corn and Soybean futures were lower again Thursday with likely positioning ahead of Friday’s Acreage and Grain Stocks reports. Heading into the close, through Jly ’25 contracts, Corn futures were 1¢ to 10¢ lower. Kansas City Wheat futures were 11¢ to 13¢ higher. Soybean futures were mostly 2¢ to 10¢ lower.